Oki Electric Industry Balance Sheet Health
Financial Health criteria checks 5/6
Oki Electric Industry has a total shareholder equity of ¥141.3B and total debt of ¥110.0B, which brings its debt-to-equity ratio to 77.9%. Its total assets and total liabilities are ¥423.4B and ¥282.1B respectively. Oki Electric Industry's EBIT is ¥18.7B making its interest coverage ratio -90.7. It has cash and short-term investments of ¥35.0B.
Key information
77.9%
Debt to equity ratio
JP¥110.03b
Debt
Interest coverage ratio | -90.7x |
Cash | JP¥35.04b |
Equity | JP¥141.31b |
Total liabilities | JP¥282.09b |
Total assets | JP¥423.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6703's short term assets (¥239.7B) exceed its short term liabilities (¥188.4B).
Long Term Liabilities: 6703's short term assets (¥239.7B) exceed its long term liabilities (¥93.7B).
Debt to Equity History and Analysis
Debt Level: 6703's net debt to equity ratio (53.1%) is considered high.
Reducing Debt: 6703's debt to equity ratio has reduced from 78.4% to 77.9% over the past 5 years.
Debt Coverage: 6703's debt is well covered by operating cash flow (22.5%).
Interest Coverage: 6703 earns more interest than it pays, so coverage of interest payments is not a concern.